Explain microeconomics and macroeconomics


Problem : You are asked to address a professional meeting and explain microeconomics, macroeconomics and their differences. Please answer the following questions:

Q1. What are the main differences between microeconomics and macroeconomics? Provide an example of a microeconomic and macroeconomic phenomenon.

Q2. Would you give an example of a microeconomic decision you've made at work or home? What factors contributed to making that decision?

Q3. Would you give an example of how a macroeconomic phenomenon has impacted a personal or business decision of yours? In the end, what was the result of your decision?

Reference

Perloff, J. M. (2007). Microeconomics (4th ed.). New York: Pearson Addison Wesley.

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Macroeconomics: Explain microeconomics and macroeconomics
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